SF Home Prices Drop Fast, Faster, Fastest

In the brave new world of Bay Area real estate, buyers don’t have to wait long for price cuts. In some cases, it takes a week or two before panicky sellers slash tens of thousands of dollars off asking prices.

No doubt, deep discounts are good news for buyers, but they hardly signal a stable market. There are more than a couple sellers who are slashing prices every few weeks. And if that’s the case, buyers don’t have much incentive to strike if they can pay less for a house if they just wait a few weeks.